Financial News
Risk Aversion Sends Dollar Lower
The US dollar has felt the squeeze as global stock markets falter and oil continues to rise.
Fears over the US banking sector is blamed for the sell-off of equities, leading to a weakening dollar against the Yen and Euro.
The dollar has also been hit as commodities continue to rise, with oil hitting record highs and [...]
Economy Expected To Withstand Pressure
The US dollar rose against the euro after better than expected UK retail sales figures led many to believe that the worlds largest economies will withstand the period of economic pressure.
The UK retail sales figures for May were the highest on record, leading to the pound gaining against all major currencies. This is interesting considering [...]
US Retail Sales Boost Dollar
Retail sales figures released today helped to boost the dollar against the euro and yen. The data release showed better than expected retail sales during the month of May.
Data showed an increase of one percent in retail sales during May, whilst analysts were expecting a rise of of 0.5 percent for the month.
The dollar appreciated [...]
SUVs Say Tata to Ford
After the well publicised sale of Jaguar and Land Rover to Tata, how is this likely to affect the Indian car manufacturer?
If we have a look at the Tata Motors [TCOA] share price on the London Stock Exchange we can see there has been a drop of just over 11 percent in the month of [...]
Euro Interest Rate Speculation Raises Value
The euro traded near a two-week high against the dollar on speculation that the European Central Bank will raise interest rates this year.
At present the euro benchmark rate sits at 4 percent, however, inflation has risen at the fastest pace in 16 years. Futures traders expect the ECB to raise the benchmark interest-rate twice this [...]
Dollar Strength On The Agenda
Yesterday early gains for the euro were negated when the dollar made a sharp recovery following comments by the Federal Reserve chariman, that reiterratted the Treasury Secretary Henry Paulson’s comments on the third of June following comments yesterday from Federal Reserve chairman Ben Bernanke, the dollar pulled back euro gains from earlier in the day. [...]
Dollar Rebounds After Bernanke Comments
Yesterday the dollar continued a day of uncertainty with the price sitting up from the recent gains against the euro. The dollar didn’t weaken beyond the resistance level yesterday (see chart). Today we saw a strengthening for the euro sending the USD through resistance, past the 38.2% Fibonacci line.
Euro strength was halted after Federal Reserve [...]
Credit-loss Speculation Sends Euro Down Against USD
After the much publicised credit-losses that have hit the large US banks and financial institutions over the past 10-months, speculation of similar credit-losses affecting European and British banks has sent the GBP and the EUR down against the USD in the currency markets.
Last week we saw the dollar strengthening against the euro by shaving-off over [...]
Tough Times For Financial Services Job Seekers
The fall-out from the credit crunch being felt across the US financial-services sector as well as in Europe; top banks and financial institutions in the US and Europe have been axing jobs and cutting back salaries in an attempt to steady-the-ship after the large-scale economic slowdown.
According to ShareCast, up to 40,000 jobs in the UK’s [...]
Dollar Weakens Against Euro and Yen
The recent dollar weakness continued today hitting a three week low against the euro. The US dollar traded at $1.5657, from $1.5510, and also declined against the Japanese yen. The dollar declined from 104.33 yen to 103.91.
The decline came about after the IMF said the US housing slow-down still poses “serious risks” to financial markets.
Meanwhile [...]
